3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be fairly valued. ###PLOTLYGRAPH### The red lines in this plot …
Read ArticlePredicted price range for Marsh & Mclennan Companies
Our trading algorithm values Marsh & Mclennan Companies (MMC) to be overvalued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | overvalued |
| Current trend | downtrend |
| Buy/Sell Recommendation | Sell |
| Current Price | $157.49 |
| 60 Day Prediction | $153.23 |
| 60 Day Pred - Lower Bound | $147.13 |
| 60 Day Pred - Upper Bound | $159.32 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = -0.003 * nr_days_in_the_future + 153.308
Based on this information, our algorithm recommends the trading decision: Sell. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
MMC traded at $157.49 this Wednesday October 19th, gaining since last week.
Looking back, over the last month, MMC has been gaining.
Over the last year, it has been loosing $-12.08 or -7.67 percent.
Seasonality of Marsh & Mclennan Companies
Using our AI model, we have been analyzing the value change for Marsh & Mclennan Companies depending on the day or month of a year. This can be seen in the following graph:
